CIBC Raises Cascades (CAS) Price Target to C$17.00
Cascades (TSE:CAS) had its target price boosted by CIBC from C$14.00 to C$17.00 in a research note issued on Tuesday. The firm presently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 19.72% from the stock’s current price.
A number of other equities research analysts have also recently commented on CAS. Desjardins reduced their target price on shares of Cascades from C$17.50 to C$16.00 in a report on Thursday, August 17th. Royal Bank of Canada reduced their target price on shares of Cascades from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a report on Thursday, August 17th. TD Securities reduced their target price on shares of Cascades from C$18.00 to C$17.00 and set a “hold” rating for the company in a report on Thursday, August 17th. National Bank Financial upped their target price on shares of Cascades from C$19.00 to C$21.00 and gave the company an “outperform” rating in a report on Friday, October 13th. Finally, Scotiabank upped their target price on shares of Cascades from C$16.75 to C$18.00 and gave the company a “sector perform” rating in a report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$17.21.
Shares of Cascades (TSE CAS) traded up C$0.76 during trading hours on Tuesday, hitting C$14.20. 692,256 shares of the stock were exchanged, compared to its average volume of 243,597. Cascades has a 1-year low of C$11.21 and a 1-year high of C$18.20.
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Cascades Inc (Cascades) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers.
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